Phoenix
Phoenix Retail Sector Sets Blistering Pace
Phoenix saw a strong finish to the year with 2.3 million square feet of retail space under construction in Q4… Read more
Banner Health Spins off Glendale Medical Building
With the benefit of a $10.1 million acquisition loan, UDLR Health acquired the Thunderbird Medical Pavilion in Glendale from Banner… Read more
Underwriting Metrics Improve for Prime Multifamily
Prime multifamily metrics continued increasing in the fourth quarter of 2023, CBRE said Friday. Unlevered IRR targets, going-in cap rates… Read more
Blackstone Taking Tricon Residential Private
Blackstone and Toronto-based Tricon Residential Inc. said Friday they had entered an agreement under which Blackstone Real Estate Partners X… Read more
Phoenix Industrial Sector Leads Nation
Phoenix continues to lead the nation in industrial deliveries through Q4 2023. In Q4, the Valley delivered over 8.8 million… Read more
JV Acquires 4-Property Tucson Outpatient Portfolio
Altera Fund Advisors and Virtus Real Estate Capital acquired a four-property medical outpatient portfolio in Tucson from Healthcare Trust of… Read more
Glendale Office Property Picked by Woodside
Woodside, a Texas investment firm, acquired the Talavi Corporate Center for $9.3 million or $153K/foot in an all-cash transaction. The… Read more
Walton Global to Demo, Redevelop PV’s Smoke Tree Resort
The shuttered Smoke Tree Resort in Paradise Valley will be demolished to make way for an 82-room resort and on-site… Read more
New Phoenix Hotel Blends in Historic Building
Anish Hotel Group decided it liked the old Fuller Paint Company building in downtown Phoenix. The building now hosts the… Read more
Nominate the Year’s Top Leasing and Sales Brokers
2023 was a challenging year in commercial real estate, yet the industry’s leading dealmakers got it done. Do you know a… Read more
Phoenix Tops Nation in Manufacturing Plant Growth
Phoenix expects at least 14 major manufacturing facilities in the coming years, most in the country, says global real estate… Read more
Desert Diamond Planning $40M Overhaul
The Glendale entertainment venue is coming off a record year and wants to ensure it stays on top of its… Read more
La Quinta Retail Sells for 147% Total Return to DST Investors
Capital Square, a sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities, has sold… Read more
Massive Master-Planned Community Planned for NW Arizona
A Las Vegas developer, Allan Barbarich, is banking on the pot of gold at the end of the I-11 rainbow.… Read more
W. Phoenix Shopping Center Sells for $59M
The Palm Valley Pavilions West shopping center in Goodyear sold for $59 million. The Phoenix Business Journal reports that makes it one… Read more
EV Maker to Sublease Recently Leased Industrial Space
ElectraMeccanica has had its ups and downs of late. The result is its decision to sublease a 200,000-square-foot industrial space… Read more
Troubled Phoenix-Area Sports Park Changes Hands, Name
Legacy Sports Park is no more. The embattled multi-platform sports facility has new owners and a new name. AZ Athletic… Read more
Small Town Eloy Lands Hospital
In high-growth states like Arizona, even small towns score hospitals, knowing that the explosive growth will be enough for the… Read more
Phoenix Industrial Growth Inspiring Amenity Options
It’s not much of a secret that Phoenix’s industrial building market has exploded. It’s the second most active market in… Read more